December 1, 2016 - By Ruchi Gupta · 0 Comments
Wolverine World Wide Inc (NYSE:WWW) institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.07, from 0.96 in 2016Q1. The ratio has improved, as 99 active investment managers increased and opened new positions, while 103 decreased and sold their stock positions in Wolverine World Wide Inc. The active investment managers in our partner’s database now have: 87.37 million shares, up from 83.94 million shares in 2016Q1. Also, the number of active investment managers holding Wolverine World Wide Inc in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 41 Reduced: 62 Increased: 71 New Position: 28.
Wolverine World Wide, Inc. is a designer, maker and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. The company has a market cap of $2.17 billion. The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors. It has a 22.21 P/E ratio.
About 617,866 shares traded hands. Wolverine World Wide, Inc. (NYSE:WWW) has risen 18.89% since April 28, 2016 and is uptrending. It has outperformed by 12.97% the S&P500.
Analysts await Wolverine World Wide, Inc. (NYSE:WWW) to report earnings on February, 28. They expect $0.31 earnings per share, down 6.06% or $0.02 from last year’s $0.33 per share. WWW’s profit will be $29.69 million for 18.27 P/E if the $0.31 EPS becomes a reality. After $0.49 actual earnings per share reported by Wolverine World Wide, Inc. for the previous quarter, Wall Street now forecasts -36.73% negative EPS growth.
According to Zacks Investment Research, “WOLVERINE WORLD WIDE INC. Wolverine World Wide, Inc. designs, manufactures, distributes and markets various brands and styles of footwear. The wide variety of footwear sold by the Company includes casual shoes, slippers, moccasins, dress shoes, boots, uniform shoes and work boots and shoes. The Company is also a domestic tanner of pigskin.”
Adirondack Research & Management Inc. holds 1.53% of its portfolio in Wolverine World Wide, Inc. for 200,134 shares. Arrowpoint Asset Management Llc owns 3.62 million shares or 1.49% of their US portfolio. Moreover, Champlain Investment Partners Llc has 1.46% invested in the company for 4.16 million shares. The Washington-based Archon Capital Management Llc has invested 1.22% in the stock. Silvercrest Asset Management Group Llc, a New York-based fund reported 2.73 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $47,305 net activity.
Ratings analysis reveals 21% of Wolverine’s analysts are positive. Out of 14 Wall Street analysts rating Wolverine, 3 give it “Buy”, 3 “Sell” rating, while 8 recommend “Hold”. The lowest target is $18 while the high is $34.0. The stock’s average target of $23.85 is 5.25% above today’s ($22.66) share price. WWW was included in 25 notes of analysts from August 10, 2015. The rating was maintained by Piper Jaffray on Wednesday, August 12 with “Hold”. Susquehanna maintained Wolverine World Wide, Inc. (NYSE:WWW) on Friday, September 18 with “Neutral” rating. The company was maintained on Wednesday, October 21 by Telsey Advisory Group. The rating was downgraded by Robert W. Baird to “Neutral” on Friday, September 18. The stock of Wolverine World Wide, Inc. (NYSE:WWW) has “Negative” rating given on Friday, August 12 by Susquehanna. The firm has “Underperform” rating given on Wednesday, April 27 by Sterne Agee CRT. Piper Jaffray maintained it with “Neutral” rating and $26 target price in Thursday, September 17 report. The firm has “Neutral” rating given on Wednesday, October 21 by B. Riley & Co. Sterne Agee CRT upgraded the shares of WWW in a report on Tuesday, January 5 to “Neutral” rating. As per Tuesday, September 8, the company rating was downgraded by Zacks.
Wolverine World Wide, Inc., incorporated on March 3, 1969, is a designer, maker and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors. The Firm operates in three operating divisions: Lifestyle Group, consisting of Sperry footwear and apparel, Stride Rite footwear and apparel, Hush Puppies footwear and apparel, Keds footwear and apparel, and Soft Style footwear; Performance Group, consisting of Merrell footwear and apparel, Saucony footwear and apparel, and Chaco footwear, and Heritage Group, consisting of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Sebago footwear and apparel, Harley-Davidson footwear and HyTest safety footwear. The Other category consists of the Company’s multi-brand consumer-direct business and leather business. The multi-brand consumer-direct division includes brick and mortar and e-commerce activities that sell and distribute footwear and apparel from the Company’s brand portfolio and other brands. The Wolverine Leathers Division markets pigskin leather for use primarily in the footwear industry.
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By Ruchi Gupta